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Supply and Demand: What does that tell us about today’s market?

12/22/2021

The law of supply and demand explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low, prices can rise significantly.

Why Are Prices Rising?

According to CoreLogic, home prices have risen 18% since this time last year. But what’s driving the increase? When we take NAR’s buyer activity data and compare it to the seller traffic during the same timeframe, we can see buyer demand continues to outpace seller activity by a wide margin. In other words, the demand for homes is significantly greater than the current supply that’s available to buy.

Where Are Prices Headed?

Many experts forecast prices will continue to increase, but they’ll likely appreciate at a slower rate. Buyers hoping to purchase the home of their dreams may see this as welcome news. In this case, perspective is important: a slight moderation of home prices does not mean prices will depreciate or fall. Price increases may occur at a slower pace, but experts still expect them to rise.

What Does This Mean for Homebuyers?

If you’re waiting to enter the market because you’re expecting prices to drop, you may end up paying more in the long run. Even if price increases occur at a slower rate next year, prices are still projected to rise. That means the home of your dreams will likely cost even more in 2022.

While prices may increase at a slower pace in the coming months, experts still expect them to rise. If you’re a potential homebuyer, message me today to discuss what that could mean for you if you wait even longer to buy.


Oklahoma City Lifestyle

Why Low Inventory Is Good For Sellers?

12/22/2021

There is high buyer activity and a historically low number of houses for sale right now. The perfect time for homeowners to sell their house is when the demand for homes is higher than what’s available for sale. Here are a few ways that low inventory can help you get a great deal if you’ve been on the fence about selling your current home.

Better Seller Terms

When there is a seller’s market like there is today, it is much more like being in he driver’s seat when you choose to sell your home. The ball is in your court and you have the power to sell on your own terms because low inventory means less choices for buyers. Buyers are more likely to work with you if it means they can purchase a home in a market where they are hard to find.

Greater Investment Return

ROI is a major focus in real estate. As prices rise, homes gain value. This drives equity increases - in just the second quarter of last year, homeowners were gaining an average of $9800 in equity. Growth in equity can give you the ability to put that money toward a down payment on your next home.

Higher Prices

With buyer numbers high and seller numbers low, homebuyers are having to enter bidding wars for the houses they want. This competition drives up the price of your home - simple supply and demand! This is absolutely a seller advantage, and could potentially net you more for your house when you finally close the deal.

Moving Supplemental Photo

Tips To Beautify Rooms In Your Home!

11/16/2021

There’s no place like home, so why not make home the most beautiful and cozy place you can stay in? Let’s dive into some techniques that can help you showcase the best features of every room in your house. Just a touch of color, texture, and personality can transform your home into something new. Here’s a few tips that aren’t a lot of hassle:  

 

ADD SOME COLOR

Sticking with a neutral scheme can never go wrong, but if you’re feeling like your room is a little drab, don’t be afraid to go with a bold color. You can do an accent wall that compliments the current color scheme or use your furniture or accent pieces to bring a touch of color. Color doesn’t have to mean clutter - you can keep the rest of the room simple and add the dramatic touch with a few elements.

 

USE SOME MIRRORS

Bringing in some mirrors can add light and room to your space. Using mirrors in staging is known to help the room look like it’s much bigger than it is. Add a few accent mirrors, preferably right across the room from a window, to brighten up your space and keep it from feeling too tight and small.

 

PLAY WITH ACCESSORIES

We get it, furniture can get expensive, but there is so much you can do with a room by just getting creative with accessories. Get some unique decorative pieces and let your room tell a story through them. Hop down to your closest antique store and grab some pieces that are bold. You can also head into Hobby Lobby or TJ Maxx, where they have beautiful and unique decorative pieces that are incredibly affordable.

 

ADD SOME GREEN

Nothing gives a space some life like some life, literally. Add some plants to your rooms, lots of green ones that are easy to keep alive, to add a unique touch to the room. You’d be surprised how much a room looks “finished” when you add a beautiful tree to the corner of a room.

 

EMBRACE THE LIGHT

The natural light, we mean. Don’t block out your windows with heavy drapes or hide them behind furniture. Decorate your room in a way that compliments the windows and brings the natural light in.

 

ADD TEXTURE

Use fur throws or pillows, use patterns in your fabrics, etc. Don’t be afraid to add unique textures throughout the home. It gives your eyes something to land on as they are looking around the room. You can even use metallics! Don’t over-do it, because then it can get overwhelming. Just get a few textures that compliment each other and put them in clever places around your room.

 

REMOVE CLUTTER

A tip you’ll hear often is that nothing brings the best out in a room better than getting rid of all the clutter and junk. If you have a hard time walking around your room or finding things, it may be time to get a few boxes and start cleaning out the things that don’t really belong.

How Homeowners Are Ditching The Tub

10/22/2021

Homeowners are looking for large, high-tech bathrooms with sleek color palettes and finishes, according to the Houzz 2017 Bathroom Trends Report.

On average, homeowners spent $21,000 to remodel bathrooms exceeding 100 square feet. That cost drops to about $12,300 for homeowners with smaller bathrooms that are less than 100 square feet. When it comes to age demographics, those aged 55+ spent the most on remodeling their bathroom since the majority of them reported that they don’t plan to sell their home anytime soon.

Meanwhile, millennials, who see their home as a short- to medium-term residence, are choosing to invest less in bathroom renovations. Out of the 4 percent of millennials who renovated their bathrooms this year, most spent $9,200 to 12,500.

Homeowners of all ages were willing to shell out the extra dough for showers (42 percent), cabinets and vanities (40 percent), faucets (35 percent) and countertops (35 percent). On the other hand, it seems that homeowners weren’t so willing to spend extra money on an upgraded toilet.

Beyond updating showers, toilets and faucets, 90 percent of homeowners decided to change the entire style and color scheme of their bathroom during renovations. Contemporary is the most popular style at 25%, followed by transitional and modern. Contemporary is most popular among baby boomers, while Gen-Xers and millennials favor modern styles with clean finishes.

When it comes to wall colors and cabinet, countertop and floor finishes, homeowners of all ages favor a white and gray palette over neutral or more colorful options. Although baby boomers and Gen-Xers are more partial to using wood grain and darker tones, Houzz says paying attention to millennial design preferences is important, especially since they’ll be leading the housing market for the foreseeable future.

Beyond design and decor, homeowners (27 percent) swapped out bathtubs for large showers, and 73 percent of homeowners chose to add high-end features such as rainfall shower heads (55 percent), dual showers (24 percent), curbless showers (21 percent) and body sprays (18 percent). Also, 29 percent of homeowners purchased a high-tech toilet — a 19 percent year-over-year increase.

The most coveted features among toilet techies were self-cleaning (12 percent), optional bidet (8 percent), overflow protection (8 percent) and motion activation (6 percent). The least important features were a self-deodorizer (4 percent) and hands-free flushing (3 percent). Baby boomers also looked for increased accessibility with comfort-height toilets (68 percent).

Previous studies have shown that bathroom renovations yield some of the highest ROIs. It showed that blue and periwinkle bathrooms sell for an average of $5,400 more and that buyers tend to favor homes with clean, neutral colors.

“Color can be a powerful tool for attracting buyers to a home, especially in listing photos and videos,” said Zillow chief economist Svenja Gudell. “Painting walls in fresh, natural-looking colors, particularly in shades of blue and pale gray not only make a home feel larger, but also are neutral enough to help future buyers envision themselves living in the space.”

Home Interior Supplemental Photo

How To Prepare For Professional Movers

10/7/2021
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Moving into a new home can be an exciting life change, but it comes with its own set of stresses. Whether it's cross-country or cross-town, a move requires a lot of work to pack up your belongings, transport them and lug them into your new place. Professional movers can be a big help because they do all of the heavy lifting for you. You can even pay them extra to pack and unpack your stuff!

However, preparation is the key to making sure your move won't take longer than it needs to and be even more stressful or expensive (most of these guys are paid by the hour, after all). Here are a few tips to get the best out of your experience with the pros.

1: Know What Can and Cannot Be Moved

For obvious reasons, most moving companies won't move cash and other valuables for you.

Professional movers won't just move anything. Many moving companies have lists of items they will not transport for safety reasons, such as household chemicals, paints and liquids. They may also have a list of things they won't move for liability reasons, like cash, important papers, photographs, pets, food and medicine. If you plan on bringing these items with you, you'll have to pack them up and transport them yourself.

2: Have a Packing Plan

Before your moving day, determine whether you or the movers will be responsible for packing and unpacking your belongings. If you're doing the packing, make sure you use plenty of newspaper, bubble wrap or blankets for padding. This is important because if what you pack breaks during transport, the movers may not be held liable for it. Be sure to have enough boxes on hand and label them with your name, room destination and contents so it's easier to keep track of where it all needs to go in your new space.

Once everything's packed, try to sort the boxes by weight to make loading easier for the movers. Keep piles of boxes away from the doorways so everyone can easily walk around. Avoid piling stuff on heavy furniture that will get loaded into the van first. There are several home moving checklist apps that can help you organize your move.

3: Have Insurance

Regardless whether or not you choose to use the moving company's insurance services, make sure your belongings are financially protected. Accidents can and do happen, so it's best to have a security blanket in case something breaks or gets lost along the way.

Moving companies offer different types of insurance coverage. Two popular options are by the pound and comprehensive. Insurance by the pound is cheaper, but it doesn't cover much. For example, if your antique dining table gets scratched during the move and needs to be repaired, this type of coverage will only pay a certain amount depending on how much the table weighs. It may not cover all -- or even most of -- the repair bill. Comprehensive coverage is more expensive, but it will cover all damages and losses.

4: Have Drinks and Snacks

A few bottles of water can really help movers on a hot day. Professional movers often have packed schedules. This is especially true during the summer months, when more people tend to switch residences. Movers often don't have much time to take a lunch break or make a quick trip to a convenience store to grab a drink, so be sure to have refreshments on hand. Go with portable food options like energy bars, and have a variety of beverages to offer thirsty workers. If the weather's hot, make sure you give a few bottles of water or sports drinks to each worker because they'll definitely need the extra hydration.

5: Have Cash for Tips

The movers have been schlepping your stuff all day, and if you have a long-distance move, the process is just beginning. They may have a long drive ahead of them to your new house, or they might need to pack several households' belongings into a large semi trailer and make several stops on a cross-country trip. Any way you pack it, moving's a tough job, so have some cash on hand to show that you appreciate their hard work, especially if they do a quick, thorough job of taking care of your belongings.

 



HOW TO SAVE BY GETTING RID OF THE EXCESS

9/15/2021
Woman jumping with shopping bags in front of cement wall


If you’re getting ready to move, whether you are trying to sell your home or you’ve already purchased a new one, one of the first things that tends to cause stress in the process is the fear of packing all of your stuff. Whether you’ve been in your current space for a few months or several years, you’ve probably accumulated plenty of things you use and love, and even more items you haven’t touched since you brought them home. Now is the perfect time to purge those items and start fresh in your new home with intentional decor and less clutter. Here are some of the things you’ll save when you let go:

Save Time 

Instead of waiting until you’re ready to move, start sorting through your items now. Sell, donate, or trash the items that you’ve decided don’t have a place in your future home. When you’re ready to pack up for your move, you’ll save so much time because you’ll have less to pack (and unpack). 

Save Money 

Maybe some of the stuff you’re considering letting go of is worth something. If that is the case, consider having a garage sale or selling your clothes to resale boutiques in your area. Donate or dispose of whatever you don’t sell. Not only can you make money, but you can save money by moving less stuff. You may be able to fit what you love into a smaller moving truck if you get rid of those items that have gone unused for years! 

Save Energy 

Sometimes items can take up a great deal of emotional energy. It is often in our nature to cling to things that may have meant something in our past, but have no place in our future. Get rid of that baggage and create an intentional environment with positive energy in your new home. 

Save Space 

Instead of taking the clutter from your current place into your new home, save space by getting rid of it now. Open spaces in your new home will bring you peace of mind and joy. 

If you've done all this saving and you're ready to save even more on a new home, give me a call!




How Often Should I Check My Roof?

9/1/2021

While you may not think about your roof every day, you want to make sure that your roof stays in good shape and remains leak free. To do so, regular inspections need to be performed. But how often should that happen? According to the National Roofing Contractors Association, you should check your roof at least twice of year, during fall and spring. The mild weather of those seasons can help make inspecting the roof easier and it also allows you to ensure that your roof will be prepared potential seasonal weather hazards. While it may not be easy to complete an inspection as often as recommended, doing so will help prevent minor roof damage from leading to serious problems.

Preventing minor problems from turning into major ones will also save you money in the future. Your bi-yearly check can be done yourself unless you find reason for concern. Here are some things to look out for when doing a DIY inspection:

  • Broken or missing shingles

  • Cracked or curling caulk

  • Patches of moss/lichen

  • Worn or peeling plastic rubber boots around pipes or other roof projections

  • Cracked or rusted spots on metal flashings

  • Shingles that are blistering, cracking or buckling

  • Loose, cracked or rusted gutters

  • Crumbling or missing chimney mortar

  • Tree branches or other large debris

If during your own inspection you notice any cracked or rusted flashings or gutters, crumbling or missing chimney mortar, sunken spots in the roof, or several shingles that are buckling, cracking or missing, you should call a roofing company. A professional roofer can inspect both the inside and outside of your roof and give you peace of mind about the safety of your roof and your home.

Thinking you need to check out your roof? Reach out & we can connect you with some local roofers we recommend! 405-322-5MAX 

Tricks For Hard-To-Paint Areas

9/1/2021

While some DIY projects seem like they should be left for the pros, painting doesn’t have to be one of them. Basic painting seems easy enough, but sometimes we run into those hard-to-paint areas and regret not hiring a professional. Instead of hanging up the towel, try out these tricks for those spots and see if you can finish your project all on your own (and save some money in the process!)

Painting Window Trim

Painting the wood diving panes and sashes on windows can seem daunting at first. Most people think that lining your windows with painters tape will help, but that is usually just a waste of time. Instead, just paint away! This is the one time it is okay to get a little paint outside of your target area. When paint gets on the glass, just allow it to dry and as soon as it does, scrape it off with a razor blade. Try not to let the paint set for longer than a day.

Painting Behind Toilets

Sometimes, the hardest places to paint are the tight spaces where we can’t really do much to make that space bigger. This is where you will need a “hot dog” roller. They’re smaller than regular rollers and when attached to a longer handle, can make painting in tight spaces a breeze. You can use this roller for other small spaces, like behind radiators or other fixtures.

Painting High Ceilings

If you’ve got a high ceiling or a tall wall where a ladder can’t safely reach, like above a staircase, you’ve usually got a challenge on your hands. This is where a paintbrush extension tool comes in. Rather than attaching a roller to a pole and losing stability, an extension tool is more like an extension of your arm. Make sure to avoid dripping paint by loading less paint on the brush that you typically would for a wall right in front of you.

HOW TO DECIDE IF YOU SHOULD REMODEL OR MOVE

8/24/2021

After living in a home for several years, it can be easy to discover things you may not be crazy about. While some things can be a quick fix, there may be major changes that make you wonder if it is worth the investment. At this point, you're probably asking yourself if you should remodel or just find a new home. As you have probably realized, this isn't always an easy choice. There are many factors that go into this decision. Here are some things to consider when deciding what will work best for you.

1. Determine which is more cost-friendly

While both options will have costs, one will have more than the other depending on your situation. Some of the costs of selling include agent commissions, moving costs, minor repairs, the costs of a new home, and potential upsizing costs. The costs of remodeling can include permits, architectural plans, materials and labor, and any other additional costs incurred in the process. 

2. Look into the current housing market

Depending on whether your local real estate market is hot, it might make more sense to just sell if houses are selling quickly around you. By talking to a real estate agent, you can find out what to expect in terms of days on market, average sales price, and other important factors when it comes to selling a home.

3. Decide if your roots are deep 

Is your home more than just a home to you? If you and your family are actively involved in the community, remodeling may work best for you. On the flip side, if there are better schooling or job opportunities in a different neighborhood, or you already spend hours a day traveling to those locations, selling may be a better option.

4. Decide if a renovation can solve your problems

Take the time to decide if the problems with your home are fixable. Is it really the house, or do you dislike your neighborhood? Do you have to spend an hour driving one way to work? Do you need a lot more space? If your answer to questions like this make you realize renovations won't solve your problems, consider that it may just be time to put your home on the market. 

5. Consider the ROI on your remodel

Calculating your return on investment will help you determine two things - first, if a remodel will cost you less than selling your home. It will also help you determine if you will be able to make your money back on a remodel if you choose to sell in the future. Look into the Cost v. Value Report for the last year, which can guide you on the most and least cost-effective improvements.

If these considerations make you realize it is time to sell your home, give me a call today! 405-322-5MAX 

Home and Living Imagery

Build a DIY Sporting Goods Center In Your Garage

8/13/2021
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What You’ll Need:

Bookcase
Locking Wheels
Drill
Bungee Cords
Peg Boards
Hooks & Holders

 

1. Find a bookcase

Choose a bookcase with at least three wide shelves so you can store gear in a variety of sizes.

2. Add locking wheels

Attach locking wheels to the bottom of the bookcase so you can easily move it around the mudroom or the garage.

3. Drill holes

Drill evenly spaced holes (about four or five, depending on the width of the bookcase) along the top surface of one of the shelves. Keep the holes fairly close to the edge — about one-half inch away or less.

On the underside of the shelf below, drill holes to match up exactly with the holes on the shelf above.

4. Attach bungee cords

Place the bungee cord hooks in the drilled holes, and arrange the cords vertically so they create a net. You want the cords to be pretty taut, so get the right size for your bookcase.

5. Mount peg boards

Frame the sides of your bookcase with 1-by-2-inch boards to support peg boards that have been cut to size. Secure the peg boards with a few nails on the top and bottom.

6. Customize with hooks and holders

Place hooks and holders on the peg board so you can hang your tennis rackets, baseball gloves, jerseys, helmets and more.

7. Load up your catch-all, MVP!

Grab your gear and organize the bins however you see fit. Now all you have to worry about is scoring the winning goal.



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